The Coworking Space Industry has taken over the world by storm.
 
Right now, there are 18,287 coworking spaces all over the world.
 
There has been an average increase of 2,595 new coworking spaces every year since 2005.
 
Statistics show how coworking together has appealed to the millennial generation.
 
This rise in popularity of coworking has given birth to coworking trends. And these trends are further spreading the coworking culture among people.
 
They are for freelancers, research scholars. And anyone who needs the perfect ambience to bring out the best in him/her.
 
Studies carried out by various reputed consulting firms have predicted a bright future for the coworking spaces.

Statistics show how coworking together has appealed to the millennial generation.

 

Jones Lang LaSalle(JLL), through a study, predicted a jump in coworking spaces of 30% to 40% in 2018.
 
By 2020, 13.5 million Indians will operate out of coworking space. These coworking spaces will seat 10.3 million employees of big organizations. They will also house 1.5 million freelancers and around 1,00,000 startup employees.
 
The boom of coworking spaces means the decline of traditional office spaces. Coworking spaces offer several advantages over traditional office spaces. Thus, more organizations are shifting towards flexible office spaces.

By 2020, 13.5 million Indians will operate out of coworking spaces.

There are twelve coworking trends that will elevate the coworking space industry to high levels.


The Top 12 Coworking Trends are:

Increased adoption of technology

One of the major advantages of working at coworking spaces is that they offer 24×7 access to their members.
 
But this 24×7 access comes at a cost. Coworking spaces have to hire managers for both the day and night shifts.

Coworking spaces will make use of access cards, coworking software, etc. in the future.

Owners of coworking spaces want to adopt cost-cutting strategies by doing away with coworking managers. Thus, they are shifting towards technology-driven management.
 
Coworking spaces will make use of access cards, coworking software, etc. in the future.
 
Coworking spaces are shifting away from manual operation towards complete automation. This makes members feel free to come and go whenever they please.
 
In an age of artificial intelligence, such a coworking trend will take over the industry.
 
Coworking spaces offer you a diverse choice of locations.
 
Coworkers want coworking spaces that let them choose their location of choice. They want a coworking space that lets them work at any one of the locations within the city.
 
Businessmen or workers who travel to other cities want multi-city coworking options. This means that these coworking spaces have branches in different cities too.

diverse coworking location

Workers also get bored and frustrated with working at the same office day after day. Working at different offices can give them the necessary enthusiasm.
 
A diverse choice of locations offers the benefit of working near their residences. This helps save time, energy and money. 

More Exclusive Coworking Spaces

One of the latest coworking trends catching on is the creation of coworking spaces for exclusive groups and communities.
 
Coworking spaces serve as a safe space for workers.
 
Coworking spaces strive to provide an environment where members can feel comfortable working. They are also about catering to every class of people with every need.
 
Coworking spaces with exclusive women-only and LGBTQ+ spaces are what’s in store for the future.

One of the latest coworking trends catching on is the creation of coworking spaces for exclusive groups and communities.

Felena Hanson, the founder of women-only coworking space Hera Hub says:
 
“Women have long operated in the business world we didn’t create. So many women feel like outsiders in various industries that it’s great to create a room where our needs come first
 
Due to the phenomenal rise in women-only coworking spaces, let’s dive into a little more detail.

Empowerment

Women-only spaces offer an environment where women can feel empowered. It provides a space where women can get inspired by other motivated workers.

Women-only spaces offer an environment where women can feel empowered.

The number of inspirational female figures are rising. In such a time, it is important that other women are inspired by such female figures. 
 
Thus, women-only coworking spaces are bound to increase women empowerment in society.

Networking

Only 17% of all startups have a female founder. Due to the mismatch in the male-female ratio in the workplace, it can get lonely for female workers. They might not be able to network as well with male workers due to issues like sexism and prejudice.

In coworking spaces, women can network with other women. This increases the number of women in higher administrative positions. 
 
Women-only spaces have the advantage of sharing advice that is relevant to women. 

Sexism

Almost half of all female HR directors feel that their workplace is sexist.
 
It is necessary that more women-only spaces be set up so that women can work in a fair manner.

The percentage of women facing sexual harassment and blatant sexism is too high. Such an environment proves detrimental to the progress of women in offices.
 
Women-only coworking spaces is a major step in preventing problems such as these.

Niche coworking spaces

Many coworking spaces cater to workers in the legal profession. Some are for those in the sports sector.
 
Niche coworking spaces are the new trend.
 
They help in forming a community that consists of people who are from the same profession.
 
There are people who wish to work in a community of individuals from the same work background.
 
This is difficult in coworking spaces, where people from different backgrounds work together. 
 
This is how the creation of niche coworking spaces for individuals belonging to a specific profession took place.

Green Coworking Spaces

Another popular addition to the list of coworking trends is incorporating nature into coworking spaces
 
The major motive of coworking spaces is to create a community of workers. When these workers work in optimal surroundings, it extracts the best out of them.
 
Bringing nature inside coworking spaces is a step in that direction.
 
In fact, working around nature has been scientifically proven to increase happiness.

Another popular addition to the list of coworking trends is incorporating nature into coworking spaces. 

It also reduces inflammation, gives workers more energy and much more!
 
Viewing images of greenery also benefit workers.
 
Indoor air quality affects people’s brain functions. Higher air quality and better ventilation lead to significantly better decision-making abilities.
 
Also, outdoor air has fewer pollutants than traditional filtered air in most offices.
 
In a world where concrete jungles are expanding by a minute, a small plant can prove to be a sight for sore eyes.

Digital Marketing is the Future!

In today’s world, digital marketing is taking over the world by storm.

Thus, including digital marketing in the list of coworking trends is a no-brainer.

The world’s dependency on digital forms of media means that marketing on the digital platform is absolutely essential. Coworking spaces are not exempted from their influence.

It can be very difficult to market and advertise a coworking space without the aid of digital marketing.

including digital marketing in the list of coworking trends is a no-brainer.

Coworking spaces now realize that anyone is a potential long term customer. No matter how large the acquisition cost is, gaining a customer pays off in the long run.
 
Investing in a photoshoot and uploading the content on digital media is a great strategy. This lets people know about your coworking space.
 
SEO strategies that boost your coworking space to the top of Google search results is a sure-shot way of generating leads.
 
When the world is on social media platforms, using digital marketing to get to potential clients is the obvious choice.

Traditional industries are shifting to coworking spaces

Coworking spaces have generally been used by organizations specializing in technology and e-commerce.
 
But, there is going to be a shift of more traditional sectors to coworking spaces.
 
Corporates today want to portray themselves as new-age companies with a more modern approach to attract young talent.

Industries shifting to coworking spaces

Industries realize the benefits of shifting to coworking spaces. And they are shifting from traditional office spaces to flexible coworking office spaces.
 
Most organizations work for profit motive.
 
So coworking spaces help organizations, reduce cost and maximize profit.
 
This addition to the list of coworking trends is big, with large companies shifting teams to coworking spaces.

Productivity has increased

It is common knowledge that coworking spaces result in an increase in productivity. Facilities such as yoga classes and gyms enhance productivity.

altration in workstyle after working in cowokring space

Coworking spaces also host events, workshops, seminars and meet and greets.
 
Events like pet therapy and standup comedy could increase productivity at the workplace.
 
Increased productivity and collaboration are major points in the list of coworking trends.

Rise of medical coworking

Medical coworking is an industry that is coming up fast.
 
Medical coworking is coworking applied to medical practices. Independent medical practitioners share space but not their core business.
 
One of the advantages of medical coworking is that the practitioner pays only for what he/she needs. This benefits doctors who have started out and do not get as many patients.

medical coworking space

This is very cost-effective.
 
The medical industry has been in the hands of big companies instead of private doctors.
 
Medical coworking allows medical practitioners to be financially independent of the big companies.

Impeccable Designing

More coworking spaces are paying attention to the designing of coworking spaces.
 
One major difference between traditional offices and coworking spaces is its interior design.
 
The interior designing is beautiful and well-executed. This is a point in the list of coworking trends that is improving day by day.

interiors of coworking space

All coworking spaces have sitting desks, standing desks, sofas, couch, bean bags.
 
Indoor games arena with table tennis, carrom, and foosball are a thing of the past.
 
New better-designed coworking spaces are coming up that makes working smooth and easy.

Mobile Coworking spaces

Many workers seek that balance between work, leisure and living a fulfilling life. Some choose coworking space over rigid, corporate schedules.
 
Others take a coworking vacation or sign up for a co-living subscription. This lets members work and travel around the world at the same time.
 
The inclusion of mobile coworking spaces in the list of coworking trends was because of its long term implications.
 
Mobile coworking is the ultimate form of flexible work. It merges work and play together and that is why this point is so important in the list of coworking trends.

mobile coworking space

More Services offered by coworking spaces

Many workers seek that balance between work, leisure and living a fulfilling life. Some choose coworking space over rigid, corporate schedules.
 
Others take a coworking vacation or sign up for a co-living subscription. This lets members work and travel around the world at the same time.
 
The inclusion of mobile coworking spaces in the list of coworking trends was because of its long term implications.
 
Mobile coworking is the ultimate form of flexible work. It merges work and play together and that is why this point is so important in the list of coworking trends.


Conclusion

Coworking spaces are the next big thing the world will see.
 
The freelancers and startups are growing at an unprecedented rate. This will increase the demand for coworking spaces.
 
Coworking trends are helping increase the popularity of coworking spaces.
 
Coworking trends increase the types and functions of coworking spaces. This, in turn, attracts more and more people to these shared office spaces.
 
There are coworking trends such as women-only or LGBTG+ coworking. These ensure safe coworking communities where people can interact and inspire each other.

coworking trends

Coworking trends like well designed shared office spaces help attract people.
 
Apart from this, coworking trends such as offering extra services to coworkers are great.
 
More and more people and organizations start using coworking spaces.
 
This will lead to competition among the coworking space market players. And this will lead to setting up of coworking spaces with advanced facilities.
 
Coworking trends are thus ensuring the bright future of coworking spaces.
 
If you want to know more about coworking trends or coworking in general, contact us at www.workstreet.in.